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IN BRIEF: Bonhill expects to complete sale of US business next week

23rd Jun 2023 18:34

Bonhill Group PLC - Woking, England-based media company specialising in business information, events and data analytics - Says it now expects to complete the disposal of its US business, InvestmentNews LLC, on or around next Tuesday. InvestmentNews is a New York-based news company for the financial advisory community.

Bonhill is selling InvestmentNews to Key Media Business Information US Inc for USD4.1 million, and raising GBP4.8 million through a tender offer of 48.0 million shares at 10 pence each. After the close of this tender offer, expected on July 18, Bonhill seeks to cancel its shares and re-register as a private limited company. Cancellation is expected on July 31.

Current stock price: 3.95 pence

12-month change: down 34%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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